In general,Child plans are inventions of insurance companies but there are certain mutual funds also which offers – children targeted plans.Children plans are typically Hybrid plans – either Equity oriented or Debt oriented with longer term approach.Generally Child is beneficiary and such plans offers few additional benefits for parents through Group Insurance – like term insurance ,Accidental death benefit or any other such benefit.

Today we have take overview of Child plans – offered by Mutual funds:

SchemeName

Fund Type

Fund Returns Vs Category Average returns-Last 01 yr

Fund Vs. Category avg Returns –Last 02 Yrs

Returns –Fund Vs.Category avg – Last 03 Yrs.

ICICI –PRUDENTIAL CHILD PLAN – GIFT

Equity oriented -BALANCED

0.75%

1.9%

10.4%

4.0%

5.8%

5.7%

ICICI – PRUDENTIAL – CHILD PLAN – STUDY

Debt – oriented balanced

8.1

2.6

12.1

2.9

9.8

2.2

HDFC CHILDRENS GIFT PLAN – INVESTMENT

EQUITY ORIENTED –BALANCED

11.42

1.9

14.8

4

11.2

5.7

HDFC CHILDRENS GIFT PLAN –Saving

Debt Oriented –

4.18

4.04

7.4

2.9

7.91

6.94

LIC Nomura MF children plan

Equity oriented – Hybrid

4.7

1.9

6.9

4.0

1.6

5.7

TATA Young Citizens fund

Equity Oriented Hybrid fund

2.5

1.9

8.7

4.0

6.8

5.7

Templeton India child Asset plan

Equity Oriented – hybrid

0.8

1.9

8.0

4.0

5.7

5.7

UTI – CHILDRENS CAREER BALALNCED PLAN

Debt Oriented – Hybrid plan

4.0

4.04

9.0

2.9

7.2

6.94

Returns : Compounded annual basis.

Child plans are nothing but simple balanced funds – featured by higher period – exit loads which can help investors to stay in longer term..But ultimately,investors can think for other consistent performers as what is beneficial for you ..can also beneficial for your Child also..isn’t it…